Asking price: £35,000

Sales revenue: £150,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Preferred Commercial is delighted to offer for sale this thriving and highly regarded retailer of teddy bears, in such a prime trading location within Hawkshead. Sixpenny Bears has developed an international reputation for the variety and quality of its stock, and is regarded as being one of the top 10 stores within the UK. It specialises in a wide range of bears, including famous brands such as Steiff, Deans, Merrythought, Charlie, Robin Reeve, Artist Bears, as well as old bears, memorabilia and its own bespoke range. In addition, it has also achieved the rare 'Gold Button' store accreditation from Steiff. Currently the business has an annual turnover of £150,000 achieving a 40% gross profit. The shop is exceptionally popular with American and Japanese tourists, as well as having numerous regular repeat customers from the constant visitors to the village. This is a particularly attractive purchase as the premises have undergone a substantial refurbishment programme and benefit from an exceptionally high standard of bespoke fixtures and shopfittings throughout. There remains infinite scope to develop turnover further if desired, as the website has only been established since March 2009 and the mail order side of the business has yet to be developed. This is a unique opportunity to purchase such a popular and well established local business offering infinite scope for the future. Early discussions with Preferred Commercial must come highly recommended.

Trading hours: 7 days 10.00am - 6.00pm Summer and 10.00am - 5.00pm Winter

Property: Leasehold

Lease terms
Original lease length: 15 years Remaining lease length: 12 years Review every: 3 years Reduced for quick sale!

Location
Sixpenny Bears is located in a prominent and highly desirable corner site trading position within the centre of the picturesque village of Hawkshead, in the heart of the English Lake District in Cumbria. The business occupies spacious, ground floor, leasehold, lock-up premises with an attractive wide double frontage and a four large display windows. It is within a short walking distance to the main village car park and is surrounded by numerous other complementary shops and individual businesses, which attract a high daily footfall. This site must be regarded as one of the prime trading positions within Hawkshead. The area is a haven for visitors and tourists all year round, being surrounded by stunning scenery and benefiting from outstanding views. The village is at the head of Esthwaite Water and an ideal place from which to explore the Lake District National Park.